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Dec 8, 2012
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. >> reporter: both parties are leaving the talks to president obama and house speaker john boehner. here on capital hill, boehner says he is still waiting for the white house to respond to the latest gop proposal. >> this isn't a progress report because there's no progress to report. >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after the election to put revenues on the table to take a step toward the president to try to resolve this. when is he going to take a step toward us. >> jay david cox sees real conqueenses if the country goes over the cliff. >> -- consequences if the country goes over the cliff. >> there would be a lot of employees who would be furloughed or lose their job. >> speaker boehner says he will be staying in town this weekend ready to negotiate with the president. danielle nottingham, cbs news washington. >>> a car can't be registered at the dmv. turning buyers and sellers into big losers. >>> when it comes to early december weather, does it get any better th
. >> reporter: both parties are leaving the talks to president obama and house speaker john boehner. here on capital hill, boehner says he is still waiting for the white house to respond to the latest gop proposal. >> this isn't a progress report because there's no progress to report. >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after the election to put revenues on...
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Dec 20, 2012
12/12
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taxes on incomes of a million dollars or more but despite that criticism, speaker boehner insists that he has the votes in congress to pass his plan. both sides are still a few billion dollars apart. >> the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the test that the president promised the american people a balanced approach. >> we should be raising taxes on the wealthiest few as a means of reducing the deficit. i have also said that i'm willing to identify some spending cuts that make sense. >> if senate democrats defeat plan b, boehner says president obama will see the largest tax increase in history. the president says bring it! he vowed to veto the bill if it comes to his desk. . >>> the military will seek the death penalty. it was announced after a hearing for sergeant robert bales accused of killing 16 afghan villagers during a shooting last march. defense attorneys say bales suffers from ptsd and was on his fourth deployment to a war zone. >>> the owner of an east bay motel shut down because of complaints about prostituti
taxes on incomes of a million dollars or more but despite that criticism, speaker boehner insists that he has the votes in congress to pass his plan. both sides are still a few billion dollars apart. >> the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the test that the president promised the american people a balanced approach. >> we should be raising taxes on the wealthiest few as a means of reducing the deficit. i have also...
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Nov 29, 2012
11/12
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and that the fact that speaker boehner himself isn't sitting down with the president shouldn't be taken as a sign that talks aren't progress, scott. >> pelley: time is running, thanks, nancy. we've been get a lot of encouraging news about the economy lately and we got more today. in its most recent survey, the federal reserve found that consumer spending and economic growth are up in all regions of the country except those affected by hurricane sandy. moving on now to syria's civil war. at least 34 people were killed today when two car bombs ripped through a suburb of damascus. syria's assad dictatorship has been trying to crush a rebellion that broke out more than a year and a half ago. it is very rare for western journalists to report from inside the capital, but elizabeth palmer is there for us tonight. >> reporter: today's bombing spilled the blood of neighbors and friends. jaramana is a tight-knit community of christians and jews. religious minority groups in syria who are traditional supporters of president bashar al-assad. after the huge explosion, local people immediately pitche
and that the fact that speaker boehner himself isn't sitting down with the president shouldn't be taken as a sign that talks aren't progress, scott. >> pelley: time is running, thanks, nancy. we've been get a lot of encouraging news about the economy lately and we got more today. in its most recent survey, the federal reserve found that consumer spending and economic growth are up in all regions of the country except those affected by hurricane sandy. moving on now to syria's civil war....
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Dec 18, 2012
12/12
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>> reporter: after weeks of deadlocks between the white house and congressional republicans, boehner changed course on friday. he is now offering to support tax increases for households making more than $1 million a year in exchange for a trillion dollars in spending cuts to entitlement programs like medicare and medicaid. >> the president has always said that part of this is revenue and part is spending cuts and he is willing to make tough choices. >> reporter: boehner is also offering to increase the federal debt receiving for a year which allows the government to pay its bills. but some republicans wanted to use the threat of default to demand more spending cuts. >> and they are still exchanging offers but moving to the middle and i was very encouraged by the boehner offer. >> reporter: alice rivlin served as a member of the president's debt commission. she believes neither side is foolish enough to let the nation go over the cliff. but she says our leaders must find a way to reduce debt for future generations. if no deal is reached before the end of the year, automatic spending c
>> reporter: after weeks of deadlocks between the white house and congressional republicans, boehner changed course on friday. he is now offering to support tax increases for households making more than $1 million a year in exchange for a trillion dollars in spending cuts to entitlement programs like medicare and medicaid. >> the president has always said that part of this is revenue and part is spending cuts and he is willing to make tough choices. >> reporter: boehner is...
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Dec 18, 2012
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congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one puillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the president and the speaker feel the weight of this moment id know they can help a grieving nation by ending weeks of grieving acrimony. obstacles remain. but for the first time talk of a final compromise is no longer theoretical. >> pelley: major, thank you, [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands aro
congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one puillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the president and the speaker feel the weight of this moment id know...
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Dec 20, 2012
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what does that do to boehner's negotiating position? >> it definitely weakens his position, scott, which is why he and other republican leaders are scrambling to come up with a second bill, a big package of spending cuts that the house can vote on as well tomorrow to try to sweeten the deal for conservatives holding out on plan "b." >> pelley: nancy, thanks very much. three state department officials resigned today after a blistering report on security lapses at the u.s. consulate in benghazi, libya. an attack there last september killed four americans, including the u.s. ambassador chris stevens. margaret brennan is at the state department. >> reporter: the state department's chief of security, eric boswell, deputy charlene lamb, and an official in the near east division that overseas libya all resigned. the report called security at the u.s. post in benghazi "grossly inadequate to deal with the attack." career diplomat thomas pickering ran the review board. >> frankly, the state department hadn't given benghazi the security, both phys
what does that do to boehner's negotiating position? >> it definitely weakens his position, scott, which is why he and other republican leaders are scrambling to come up with a second bill, a big package of spending cuts that the house can vote on as well tomorrow to try to sweeten the deal for conservatives holding out on plan "b." >> pelley: nancy, thanks very much. three state department officials resigned today after a blistering report on security lapses at the u.s....
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Dec 8, 2012
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. >> both are waiting to talk to president obama and house speaker boehner. here on capital here hill boehner says he is still waiting on the white house to respond to the latest proposal. >> this isn't a progress report because there is no progress to report. to >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after election to put revenues on the tame to take a step toward the president to try to resolve this. ,,,,,, ,,,,,, >>> you made it. it is weekend time, and i can vouch for both weather and traffic. weather thumbs up. traffic, thumb's down. here is a live look outside. we have mainly clear skies and mainly congested roads. beautiful weather, though. also in the south bay we're looking good. we are cooling down quickly. many of you will be in the upper 30s by tomorrow morning. concord you will be one of those spots down to 51. san jose, 56 degrees. ground clutter being picked up by our radar. there was no rainfall for 400 miles from san francisco. the
. >> both are waiting to talk to president obama and house speaker boehner. here on capital here hill boehner says he is still waiting on the white house to respond to the latest proposal. >> this isn't a progress report because there is no progress to report. to >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $1.5 trillion in spending. >> i came out the day after election to put revenues on the tame to take a step...
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Dec 30, 2012
12/12
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. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also negotiating an extension of unemployment benefits for some 2 million jobless americans, without a deal those checks will stop next week for this mother of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home and i really don't know what else we would do. >> reporter: the deal under discussion in the se
. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year....
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Dec 19, 2012
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the white house rejected boehner as plan but quickly came back with a counterproposal. >> our plan b would protect american taxpayers who make a million dollars or less. >> fall back plan b achieves nothing. you would lose hundreds of billions of dollars of revenue. >> the president's original cutoff for tax cut extensions was $250,000. but his counterproposal to boehner raises that to $400,000. >>> stocks rallied to their best level in two months today. they like that news. that dow was up 115, nasdaq up 44. >>> instagram you know that popular app that makes your photos look even better? it caused an uproar recently when it announced a privacy policy that seemed to imply they could do whatever they want with your photos. around then as cbs 5 reporter len ramirez -- and then as cbs 5 reporter len ramirez shows us, they backtracked. >> reporter: when you take a photo and upload it to instagram, where does it go? >> i think we just click on a button and it shows up on the news feed or profile but you really have no idea knowing where it's going to end up. >> reporter: instagram users m
the white house rejected boehner as plan but quickly came back with a counterproposal. >> our plan b would protect american taxpayers who make a million dollars or less. >> fall back plan b achieves nothing. you would lose hundreds of billions of dollars of revenue. >> the president's original cutoff for tax cut extensions was $250,000. but his counterproposal to boehner raises that to $400,000. >>> stocks rallied to their best level in two months today. they like...
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Nov 8, 2012
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. >> reporter: republicans are keeping control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social programs. and there will be little time for the winners to celebrate. next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a general consensus the 65-ye
. >> reporter: republicans are keeping control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax...
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Nov 10, 2012
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and today there are new signals of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are a
and today there are new signals of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance...
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Dec 19, 2012
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and although the president and house speaker john boehner have made headway on budget negotiations, boehner says he is going forward with the plan that is separate from the deal he is working on with the president. the white house and democratic lawmakers have already rejected boehner's plan b to stepped low tax rates to all americans except those who make a million dollars or more a year. the house will vote on the alternate plan thursday. >>> swiss bank ubs admits to fraud and agrees to pay more than $1 billion in fines. the settlement comes after an investigation found ubs bankers engaged in rigging the liber rate. >>> instagram backing off its policy to use photos in advertisements after a backlash from users and privacy advocates. despite that, the cofounder says the service was created to eventually make money and it will experiment with various forms of advertising. back to you. >> erica, we wanted to ask you about mark zuckerberg and his fairly substantial opening of his wallet. tell us about that. >> reporter: zuckerberg is donating close to $500 million in stock to charity. the 18
and although the president and house speaker john boehner have made headway on budget negotiations, boehner says he is going forward with the plan that is separate from the deal he is working on with the president. the white house and democratic lawmakers have already rejected boehner's plan b to stepped low tax rates to all americans except those who make a million dollars or more a year. the house will vote on the alternate plan thursday. >>> swiss bank ubs admits to fraud and agrees...
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Nov 29, 2012
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but house speaker john boehner isn't ready to budge yet. >> it will hurt small businesses, hurt our economy. it's why this is not the right approach. >> reporter: on capitol hill on wednesday, erskine bowles met with both sides. he's the co-chair of the committee that drew up a plan to cut the federal debt. >> i'm hopeful but don't put me down anywhere near optimistic category. we got a long way to go and very few days to get it done. >> reporter: and some signs of compromise from the democrats. the house democratic leader nancy pelosi is giving some hints her party may be willing to consider some of those offers made between the president and speaker boehner during last year's budget talks including cuts to medicaid and medicare and one more sign two sides are moving together. today president obama is hosting mitt romney for lunch. it's closed to the press but those fiscal cliff talks will be part of that discussion. >> curious minds will want to know. susan, thank you. the fiscal issue of another sort, the record setting powerball jackpot. we like talking about this fiscal issue. this mor
but house speaker john boehner isn't ready to budge yet. >> it will hurt small businesses, hurt our economy. it's why this is not the right approach. >> reporter: on capitol hill on wednesday, erskine bowles met with both sides. he's the co-chair of the committee that drew up a plan to cut the federal debt. >> i'm hopeful but don't put me down anywhere near optimistic category. we got a long way to go and very few days to get it done. >> reporter: and some signs of...
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Nov 8, 2012
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house speaker john boehner promised his party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both sides will be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increases at the end the year if no deal is reached. both sides are indicating a give and take. >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. >> it's better to dance than to fight. it's better to work together. >> reporter: and voters are counting on it. tara mergener for cbs news, the white house. >>> cbs moneywatch time now on a thursday. worries about the fiscal cliff are already affecting stocks around the world. erica ferrari with more on that. >> reporter: asian markets tumbled over worries about the looming budget crisis here in the u.s. the nikkei lost 1.5%. hit a thr
house speaker john boehner promised his party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both sides will be put to the test almost immediately. the president and congress will have to work together to overcome the looming fiscal cliff. that would involve automatic drastic spending cuts and tax increases at the end the year if no deal is reached. both sides are...
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Dec 14, 2012
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president obama and speaker john boehner have met trying to hammer out a deal on the fiscal cliff. the discussion was described as frank. the president is apparently holding firm on taxing the wealthy and there are signs of dissension among the republican ranks. susan mcginnis starts us off this morning. susan, good morning to you. >> hi. good morning, terrell. the two men met for less than an hour, and that's not an encouraging sign. neither of them spoke during the meeting but what we heard before and after is neither side is budging on their core decisions, this as time to make a deal grows shorter. house speaker john boehner made the short trip up pennsylvania avenue to the white house thursday to talk to president obama about the fiscal cliff. the tax hikes and spending cuts set to kick in january 1st. they met for nearly an hour. both sides describe the discussion as frank. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't a problem. that's why we don't have an agreement. >> president obama insists on raising taxes on t
president obama and speaker john boehner have met trying to hammer out a deal on the fiscal cliff. the discussion was described as frank. the president is apparently holding firm on taxing the wealthy and there are signs of dissension among the republican ranks. susan mcginnis starts us off this morning. susan, good morning to you. >> hi. good morning, terrell. the two men met for less than an hour, and that's not an encouraging sign. neither of them spoke during the meeting but what we...
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Dec 19, 2012
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>> reporter: scott, this is speaker boehner acknowledging that they are running out of time. so he's calling a vote on a plan later this week that he know it is white house won't like in the hopes they'll make big concessions in talks now to avoid it. >> our plan "b" would protect american taxpayers. >> reporter: speaker boehner said he'll take his plan directly to the house floor with a bill to extend the low bush- era tax rates for all americans making less than one million dollars a year. that's far higher than the $400 income cutoff the president is currently proposing. higher still than president obama's campaign promise-- to let taxes rise on households making $250,000 or more. boehner said he has to bypass talks with the white house and hold a vote on his plan now because the president's latest fiscal cliff proposal still isn't balanced between taxes and cuts. what is your definition of a balanced deal? does it have to be dollar for dollar spending cuts? >> most people would agree that that's balanced. >> can it just be close to that or does it have to be exactly equal
>> reporter: scott, this is speaker boehner acknowledging that they are running out of time. so he's calling a vote on a plan later this week that he know it is white house won't like in the hopes they'll make big concessions in talks now to avoid it. >> our plan "b" would protect american taxpayers. >> reporter: speaker boehner said he'll take his plan directly to the house floor with a bill to extend the low bush- era tax rates for all americans making less than...
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Dec 17, 2012
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sources say a new proposal from republican house speaker john boehner includes new taxes on people making more than a million dollars a year. he was previously opposed to any tax hikes on the wealthy. president obama and congressional democrats are calling for higher taxes on those making at least a quarter million dollars. >>> president obama's re- election will be made official today as the electoral college members gather in all 50 states to vote. those votes of course are based on the november general election results. the obama-biden ticket has 332 votes compared with 206 for the romney/ryan team. >>> well, employees at major ports back east and in the gulf coast could soon be on strike. the international longshoreman's association is calling for that action if a deal on a new contract is not reached soon. a walkout by 15,000 dock workers would hold billions of dollars worth of imported goods. >>> and thousands of bay area nurses plan to walk off the job on christmas eve. a spokesman for the california nurses association says it will be a one-day strike, the 8th since september 2011.
sources say a new proposal from republican house speaker john boehner includes new taxes on people making more than a million dollars a year. he was previously opposed to any tax hikes on the wealthy. president obama and congressional democrats are calling for higher taxes on those making at least a quarter million dollars. >>> president obama's re- election will be made official today as the electoral college members gather in all 50 states to vote. those votes of course are based on...
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Jan 25, 2012
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. >> reporter: house speaker john boehner believes tonight's speech will be nothing more than the president asking for a second term. >> since the campaign apparently wrote the speech, i expect we'll hear a campaign speech. >> reporter: tomorrow, the president takes his message on the road hitting five states in three days. a couple of things to look out for tonight. congresswoman gabrielle giffords will attend the address after announcing her retirement this week. and indiana governor mitch daniels will deliver the formal republican response. on capitol hill, danielle nottingham, cbs 5. >>> and here's live look at the white house this evening. the president will give his address in about an hour. the economy will be a major the final with the president saying millions of americans who work hard and play by the rule every day deserve a government and financial system that do the same. it's time to apply the same rules from top to bottom. no bailouts, no handouts, and no copouts. the state of the union will air on cbs 5 right after the evening news. and stay tuned for a special edition of ey
. >> reporter: house speaker john boehner believes tonight's speech will be nothing more than the president asking for a second term. >> since the campaign apparently wrote the speech, i expect we'll hear a campaign speech. >> reporter: tomorrow, the president takes his message on the road hitting five states in three days. a couple of things to look out for tonight. congresswoman gabrielle giffords will attend the address after announcing her retirement this week. and indiana...
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boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political director. you just heard what wyatt said. does that sound like the beginning of progress? >> well, the president and republican leaders are talking about cooperation and after the 2010 election there was a flurry of activity. one thing that's changed that might suggest both sides can work together is that because the president's no longer up for reelection republicans can work with him and know they're not helping his political fortunes. now, they still have to calculate their own political fortunes, and that's under way. the election was just yesterday. let's look at mitch mcconnell, the leader of the republicans in the senate. he's got a reelection in 2014. does he cooperate because he's up for reelection or does he not coope
boehner could not and what resulted instead were the outlines of the fiscal cliff. the speaker is now floating the idea of a different grand bargain. scott, the idea is to delay the entire fiscal cliff for a year to give congress the time to work on tax and entitlement reform. >> pelley: wyatt, thanks, john dickerson is our cbs news political director. you just heard what wyatt said. does that sound like the beginning of progress? >> well, the president and republican leaders are...
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Dec 25, 2012
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lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe otherwise taxes will go taxor everyone on january 1. >> glor: nancy cordes in hawaii. nancy, thank you. the fiscal cliff could mean severe cutbacks and layoffs in cliff couelds, like many medical research. that's forcing leaders to make mugh choices right now. here's wyatt andrews. he andreporter: professor kerri mowen, like hundreds of medical kerearchers, has already fallen off the fiscal cliff. her budget-- which relies on of federal grants-- is being cut by - % now as the n.i.h.-- the national institutes of health-- prepares for the possibility of utes of hes later. >> it's much bigger than just my lab. it's affecting all academic labs across this country. >> reporter: mowen, who studies rheumatoid arthrit
lor:lor: nancy, the white house ouses they have a much better chance dealing with reid as opposed to boehner? >> well, jeff, essentially they're hoping-- democrats are-- that republicans will consider piis plan even if they don't rike it the last train leaving the station so that even if this is not the package that republicans would have chosen, en,t they'll vote for it anyway vote fe otherwise taxes will go taxor everyone on january 1. >> glor: nancy cordes in hawaii. nancy, thank...
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Dec 12, 2012
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boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the ho
boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse...
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Dec 17, 2012
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john boehner broke the log jam with a phone call on friday. major garrett is also at the white house. good morning. >> good morning charlie. there could be a deal as early as this week. many words from senior officials, the log jam has been broken. how has it been broken? in a phone call on friday. in that phone conversation speaker boehner said he was willing. and house republicans would vote for higher marginal income tax rates on those households earning more than $1 million, 39.6 would be the rate on 39.6 would be the rate on that. he also said there would be a one-year lift on the debt ceiling. however, charlie, this has to be tied to about $1 trillion in entitlement cuts. the white house has not signed off on that. there are many underlying details but the talks are real. the progress is real. we may have a deal some time this week. >> and the ball is in the white house's court or is it in the speaker's court? >> i would tell you this, charlie. no more court playing or positioning like that. all sides are talking to each other, working t
john boehner broke the log jam with a phone call on friday. major garrett is also at the white house. good morning. >> good morning charlie. there could be a deal as early as this week. many words from senior officials, the log jam has been broken. how has it been broken? in a phone call on friday. in that phone conversation speaker boehner said he was willing. and house republicans would vote for higher marginal income tax rates on those households earning more than $1 million, 39.6...
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Dec 18, 2012
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last week boehner broke the logjam when he agreed to raise some income tax rates. and while this is the most progress we've seen, there's still a long way to go. speaker boehner's spokesperson says the president's plan does not include enough spending cuts, but he is hopeful talks will continue. terrell, not over yet. >> we'll hopefully get something this week. tara mergener in washington. good to see you. thank you very much. >>> coming up on the morning news, a senator and decorated war hero. we remember the remarkable life of daniel inouye, the country's first japanese american senator who served for five decades. this is the morning news. a febreze experiment. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath. describe the room that you're in. i think just like a big, open space. like i'm hanging the sheets on the line. and it smells really fresh, man. let's take your blindfold off. oh! [ both laugh ] super-weird! oh, is it febreze? yeah. ohh, how about that? febreze has anti-clogging technology that keeps it smelli
last week boehner broke the logjam when he agreed to raise some income tax rates. and while this is the most progress we've seen, there's still a long way to go. speaker boehner's spokesperson says the president's plan does not include enough spending cuts, but he is hopeful talks will continue. terrell, not over yet. >> we'll hopefully get something this week. tara mergener in washington. good to see you. thank you very much. >>> coming up on the morning news, a senator and...
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Dec 29, 2012
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house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated and losing patience with these last-minute negotiations. he says the least congress can do is protect most american tax pairs from rising tax rates due to take effect in the next couple of days. the least, it appears, rebecca, appears to be the most they can do. >> thank you. we'll check back later in the program. for more on how we got into this situation and what happens if nothing happens. michael santoly, it's great to have both of you with us. where does this stand right now? >> right now they're negotiating and things are being worked out behind closed doors by the top leaders in the house and senate and the whi
house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated and losing patience with these last-minute negotiations. he says the least...
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Dec 14, 2012
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we're told the conversation was frank, but before he headed to the white house, speaker boehner gave this grim assessment of the state of talks right now. >> here we are at the 11th hour, and the president still isn't serious about dealing with this issue right here. it's this issue: spending! >> reporter: white house aides say the president has proposed $600 billion worth of cuts. in an interview with cbs' minneapolis affiliate wcco, the president said no deal is possible unless speaker boehner agrees to let the low bush tax rates expire for the top 2% of u.s. households. >> the big problem right now is that republicans in the house are resistant to the idea of the wealthiest americans paying higher tax rates. >> reporter: boehner wasn't swayed. why are you holding out for a tax cut for the wealthy that most americans, even many wealthy people, say we shouldn't have? >> raising tax rates will hurt small businesses at a time when we're expecting small businesses to be the engine of job creation in america. >> reporter: speaker boehner is headed to ohio for the weekend, so there will
we're told the conversation was frank, but before he headed to the white house, speaker boehner gave this grim assessment of the state of talks right now. >> here we are at the 11th hour, and the president still isn't serious about dealing with this issue right here. it's this issue: spending! >> reporter: white house aides say the president has proposed $600 billion worth of cuts. in an interview with cbs' minneapolis affiliate wcco, the president said no deal is possible unless...
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Nov 9, 2012
11/12
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we've listened to speaker boehner. the president will make his case today. is there generally a mood that enough of this dysfunction, let's get things done and let's compromise, as long as we don't cross over our principles? >> yeah. i think there is a mood for compromise. the question is -- it will be interesting to watch the theater here. in 2010 during the lame duck period after the election there was -- they got some work done. and what -- for negotiation to work, both sides will probably start very far away. the question is will each leave the other a pathway so that they can get to a compromise. and so one thing quite difficult is for republicans to vote for a tax increase for those over $250,000. that's where things will start. the question how does it get worked out behind the scenes? in the new agreement -- in 2010 a lot of liberals were angry with the president because it looked like he had lost by allowing an extension of the bush era tax cuts we're talking about all over again. what the president did, though was won an extension of the payroll ta
we've listened to speaker boehner. the president will make his case today. is there generally a mood that enough of this dysfunction, let's get things done and let's compromise, as long as we don't cross over our principles? >> yeah. i think there is a mood for compromise. the question is -- it will be interesting to watch the theater here. in 2010 during the lame duck period after the election there was -- they got some work done. and what -- for negotiation to work, both sides will...
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Nov 8, 2012
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however, boehner rejected any new taxes that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now her observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in janesville wisconsin, with that. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family in his hometown of janesville wisconsin, before heading back to washington, and yes, he will be heading back to washington because while he lost the vice presidential bid, he was overwhelmingly re-elected by the people of this district to his seat in congress. and now, just two days after election day, talk in political circles is already turning to paul ryan's political future. for mitt romney losing the presidential campaign likely means the end of the political road, but for paul ryan defeat could lead to a new beginning. >> i don't know if he covered himself with glory, but i think he kin
however, boehner rejected any new taxes that specifically target the rich. after senator john mccain lost the 2008 presidential race much of the republican spotlight landed on his vice presidential pick sarah palin. now her observers are wondering if the same thing will happen to mitt romney's running mate paul ryan. chip reid is in janesville wisconsin, with that. chip, good morning. >> reporter: good morning, norah. paul ryan is spending some down time with his family in his hometown of...
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Dec 18, 2012
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. >> reporter: michelle and brian, house speaker john boehner told his fellow republicans in the house that he still is trying to work out a deal with the white house. but he also said he is moving on the fallback plan. house speaker john boehner met with fellow republicans this morning to discuss president obama's "fiscal cliff" proposal. the speaker also began work on a so-called plan b to prevent a tax increase in case he doesn't reach a deal with the white house before january 1. >> our plan b would protect american taxpayers who make a million dollars or less. >> reporter: the white house quickly rejected boehner's backup proposal. >> the so-called plan b that's been put out there achieves nothing. he would lose hundreds of buffalos dollars of revenue. >> reporter: the president initially insisted on letting tax cuts expire for households making $250,000 a or more. but the new white house counter proposal raises that threshold to $400,000. for the first time, the president is willing to accept some reduction in future cost of living benefit increases for social security recipients
. >> reporter: michelle and brian, house speaker john boehner told his fellow republicans in the house that he still is trying to work out a deal with the white house. but he also said he is moving on the fallback plan. house speaker john boehner met with fellow republicans this morning to discuss president obama's "fiscal cliff" proposal. the speaker also began work on a so-called plan b to prevent a tax increase in case he doesn't reach a deal with the white house before...
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Nov 15, 2012
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. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach
. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top...
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Nov 8, 2012
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house speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know that these numbers are going to be skewed for weeks because of hurricane sandy. they might be lower and we might see a surge in a month because of that. the u.s. trade deficit in septem
house speaker john boehner said wednesday he is willing to compromise on raising some taxes. vice president joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to...
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Dec 18, 2012
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boehner is discussing the latest white house proposal with fellow republicans today. major garrett is at the white house. major, are we finally close to a deal? >> reporter: it looks that way and it feels that way nora, charlie, and gale. there is no timetable for announcing it, but there are people who would not be surprised that there was an announcement possibly as early as tomorrow and maybe voting this week on the final compromise to avert the fiscal cliff. now if you want all the underlying, really nerdy details, go to cbsnews.com. i have a piece that has them there. let's go over broad outlines. the president yesterday made two significant concessions. one, he had previously said he wanted income taxes raised for everyone making more than $250,000. he raised the threshold yesterday to house and senate republicans to $400,000. and for the first time the president said he would be willing to accept some reduction in future cost of living benefit increases for those who received federal benefits including social security recipients. republicans haven't brought on
boehner is discussing the latest white house proposal with fellow republicans today. major garrett is at the white house. major, are we finally close to a deal? >> reporter: it looks that way and it feels that way nora, charlie, and gale. there is no timetable for announcing it, but there are people who would not be surprised that there was an announcement possibly as early as tomorrow and maybe voting this week on the final compromise to avert the fiscal cliff. now if you want all the...
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Dec 19, 2012
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. >>> house speaker john boehner wants a house vote on his latest plan to avoid the "fiscal cliff." boehner's plan b would raise taxes on everyone making more than a million dollars a year while cutting spending to benefit programs like medicare. democratic leaders have already rejected that idea. president obama had been firm about higher taxes for everyone making a quarter million dollars or more. but now, he appears willing to raise that cutoff point to $400,000. >>> other bay area hid every headlines, berkeley councilmembers took up the "no drone" zone issue last night. drones are unmanned aircraft used beat government to watch over u.s. ports and international borders. critics say the drones are an invasion of privacy. the matter will be revisited next year. >>> people in san jose will finally get fluoride in their drinking water. yesterday the santa clara valley water district approved a plan to fund the project aimed at improving dental health. it will take about two years to get the system operating. >>> 20 minutes after 6:00. they are red-hot. the warriors played the hornet
. >>> house speaker john boehner wants a house vote on his latest plan to avoid the "fiscal cliff." boehner's plan b would raise taxes on everyone making more than a million dollars a year while cutting spending to benefit programs like medicare. democratic leaders have already rejected that idea. president obama had been firm about higher taxes for everyone making a quarter million dollars or more. but now, he appears willing to raise that cutoff point to $400,000....
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Dec 15, 2012
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both the republican house speaker, john boehner, and the democratic leader, nancy pelosi, called today's tragedy "unspeakable" but made no mention of the guns used to carry out the brutal act. gun control, an issue so hotly debated in the 1990s, is rarely discussed seriously today. the tkpwapb on assault weapons was allowed to lapse in 2004. in 2009 congress passed a law making it easier to carry guns in national parks and the president signed it. after july's massacre in aurora, colorado, president obama said a.k.-47s belong in the hands of soldiers not criminals but he did not propose any gun legislation and that allowed speaker boehner to duck the issue, too. >> i'm not the expert on this but if the president's got ideas i'd be happy to look at them. >> reporter: new york mayor michael bloomberg blasted both men today. "we need immediate action" wrote the gun control advocate. "we have heard all the rhetoric before. what we have not seen is leadership. not from the white house and not from congress." one of the biggest misconceptions when it comes to gun control is that democrats are
both the republican house speaker, john boehner, and the democratic leader, nancy pelosi, called today's tragedy "unspeakable" but made no mention of the guns used to carry out the brutal act. gun control, an issue so hotly debated in the 1990s, is rarely discussed seriously today. the tkpwapb on assault weapons was allowed to lapse in 2004. in 2009 congress passed a law making it easier to carry guns in national parks and the president signed it. after july's massacre in aurora,...
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Dec 19, 2012
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the white house and democratic leaders have already rejected boehner's idea. nancy cordes has the details now from washington. >> our plan b would protect the american taxpayers. >> reporter: speaker boehner says he'll take his plan directly to the house floor with a bill to extend the low bush cut tax rates for all americans making less than $1 million a year. that's far higher than the $400 income cut-off the president is currently proposing, higher still that president obama's campaign promise to let taxes rise on households make 2g $50,000 or more. boehner said he has to bypass talks with the white house and pull the vote on his plan now because the president's latest fiscal cliff proposal still isn't balanced between taxes and cuts. >> what is your definition of a balanced deal? does it have to be dollar-for-dollar spending cuts on tax revenue increases? >> most people would agree it's balanced. >> reporter: but can it just be close to that, or does it have to be exactly equal? >> we do not have a balanced plan when the president's calling for $1.3 trilli
the white house and democratic leaders have already rejected boehner's idea. nancy cordes has the details now from washington. >> our plan b would protect the american taxpayers. >> reporter: speaker boehner says he'll take his plan directly to the house floor with a bill to extend the low bush cut tax rates for all americans making less than $1 million a year. that's far higher than the $400 income cut-off the president is currently proposing, higher still that president obama's...
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Jan 25, 2012
01/12
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she also made it up to speak -- up to house speaker john boehner who kissed her and bid her a tearful good-bye. >>> two aid workers in somalia are free after an overnight raid by u.s. special forces. they had been held by pirates in as a as a matter of somalia. >> reporter: the same u.s. navy seal team that killed osama bin laden carried out the raid in somalia. they rescued american jessica buchanan and a dane. both were working for a danish aid group. members of seal team 6 parachuted in during the middle of the night surprising the somali pirates. u.s. officials confirmed they killed nine. the hostages were not harmed and there were no casualties among the special forces. president obama congratulated defense secretary leon panetta just before his state of the union address tuesday night. [ applause ] >> good job tonight. >> reporter: but the president hide no mention of the raid in the speech. afterwarder, called buchanan's father to report that his daughter was free. intelligence reports indicated buchanan's health was deteriorating and may have added urgency to the mission. >> w
she also made it up to speak -- up to house speaker john boehner who kissed her and bid her a tearful good-bye. >>> two aid workers in somalia are free after an overnight raid by u.s. special forces. they had been held by pirates in as a as a matter of somalia. >> reporter: the same u.s. navy seal team that killed osama bin laden carried out the raid in somalia. they rescued american jessica buchanan and a dane. both were working for a danish aid group. members of seal team 6...
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Dec 9, 2012
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. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher levels, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton era's 39.6%. >> there are a lot of things that are possible. to put the revenue this the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. but the office of budget has asked for a list of possible cuts just in case there's no deal. >>> barely a month old, the
. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher...
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Dec 21, 2012
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. >> reporter: michelle, speaker boehner says he is eager to negotiate a deal with the president. but at this point, there is no agreement in sight and lawmakers are leaving town. house speaker john boehner says now it's up to president obama and the democrats to steer the country away from the "fiscal cliff." >> unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in 10 days. >> reporter: one by one republicans came out of an emergency meeting thursday night. >> have a merry christmas. >> reporter: speaker boehner's plan b to avoid automatic tax hikes and steep spending cuts was dead before the house voted. >> are you guys leaving until after christmas? >> yes. >> why is that? >> we don't have the votes. >> reporter: boehner's bill would have extended the bush- era tax rates for households making up to a million dollars a year. he pushed it after rejecting an offer from the president that put the threshold at $400,000. even if speaker boehner had won enough support in his own party to pass
. >> reporter: michelle, speaker boehner says he is eager to negotiate a deal with the president. but at this point, there is no agreement in sight and lawmakers are leaving town. house speaker john boehner says now it's up to president obama and the democrats to steer the country away from the "fiscal cliff." >> unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in 10 days....
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Nov 11, 2012
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and house speaker boehner continue to stake out their ground in the debate over the looming fiscal cliff. both made radio addresses today. the president said any compromise must include higher taxes for families making more than $250,000 a year. the speaker called instead for closing special interest loopholes. campaign 2012 was the most expensive ever. overall spending topped the $6 billion mark, driven by super pacs. as michelle miller now tells us, many low-profile candidates benefitted from super pac money, cash that in some cases came from a single person. >> my job is to make sure they do represent your best interests. >> reporter: carrie bentiviolio won his election this year as a freshman congressman from michigan. >> i'm never, ever going to raise taxes unless there's a war. >> reporter: this former school teacher and political newcomer might not have gotten this far without a super pac,. liberty for all spent $800,000 to help bentiviolio win his republican primary. >> god bless them because it was wonderful. >> reporter: the backing came from john ramsey, a 22-year-old college
and house speaker boehner continue to stake out their ground in the debate over the looming fiscal cliff. both made radio addresses today. the president said any compromise must include higher taxes for families making more than $250,000 a year. the speaker called instead for closing special interest loopholes. campaign 2012 was the most expensive ever. overall spending topped the $6 billion mark, driven by super pacs. as michelle miller now tells us, many low-profile candidates benefitted from...
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Dec 21, 2012
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so speaker john boehner canceled last night's vote. boehner designed the bill to prevent automatic tax hikes at the first of the year on people making less than a million dollars. boehner says it's up to the president and the democrats to make their move. >> i did my part. they've done nothing. >> it's very, very, very unfortunate the republicans have wasted an entire week on a number of pointless political stunts. >> house members are heading out of washington, d.c. for christmas. when they get back there will be four days left to hammer out a deal. >>> north korea announced today it's detaining an american citizen. the north korean government says that [ non-english language ] entered the country as a tourist november 3 and confessed to unspecified crimes. the government offers no other details but claims the crimes have been proven through evidence. >>> one of two men who escaped a federal jail in chicago has been captured. early tuesday, two convicted bank robbers broke out of the metropolitan correctional center. officials say the
so speaker john boehner canceled last night's vote. boehner designed the bill to prevent automatic tax hikes at the first of the year on people making less than a million dollars. boehner says it's up to the president and the democrats to make their move. >> i did my part. they've done nothing. >> it's very, very, very unfortunate the republicans have wasted an entire week on a number of pointless political stunts. >> house members are heading out of washington, d.c. for...
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Nov 7, 2012
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john boehner will remain speaker of the house. big wins for same-sex marriage. maine and maryland approved gay and lesbian marriage by popular vote. and it's also on the ballot in washington state, but right now that is too close to call. in minnesota, a constitutional amendment limiting marriage to a man and woman has been rejected. the state already has a law banning same-sex marriage. gay marriage is already legal in six states and washington, d.c., but those laws were either enacted by lawmakers or through court rulings. more history in washington state and colorado. voters there chose to legalize recreational marijuana. it was rejected in oregon. pot taxes could bring in hundreds of millions of dollars each year, but lighting up is still against federal law. in massachusetts, voters approved using medical marijuana, a similar measure in arkansas. and in california, proposition 30 is still too close to call. governor brown says the bill is the only hope to prevent more cuts to public schools. if it passes, prop 30 would raise the state sales tax and increase
john boehner will remain speaker of the house. big wins for same-sex marriage. maine and maryland approved gay and lesbian marriage by popular vote. and it's also on the ballot in washington state, but right now that is too close to call. in minnesota, a constitutional amendment limiting marriage to a man and woman has been rejected. the state already has a law banning same-sex marriage. gay marriage is already legal in six states and washington, d.c., but those laws were either enacted by...
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Dec 5, 2012
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jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you s
jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are...
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Dec 14, 2012
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. >>> another round of talks between president obama and the speaker of the house john boehner. the issue, the looming "fiscal cliff." the pair had met twice this week but as cbs reporter susan mcginnis shows us, the increased frequency of talks really hasn't got them any closer to finding a deal. >>> reporter: house speaker john boehner left congress to head to the white house thursday for what both sides called a frank discussion about the "fiscal cliff." >> still a work in progress. >> reporter: they talked for nearly an hour about the tax hikes and spending cuts set to kick in at the end of the year. before the meeting, both sides were pointing fingers at the other. >> the only holdouts right now are the house republicans. i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: president obama insists on raising taxes on the top 2% of earners but even he recognizes that's a tough sell. >> the idea of not raising taxes has become sort of a religion for a lot of mem
. >>> another round of talks between president obama and the speaker of the house john boehner. the issue, the looming "fiscal cliff." the pair had met twice this week but as cbs reporter susan mcginnis shows us, the increased frequency of talks really hasn't got them any closer to finding a deal. >>> reporter: house speaker john boehner left congress to head to the white house thursday for what both sides called a frank discussion about the "fiscal cliff."...
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Nov 8, 2012
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at least for now, he and john boehner are talking about a new spirit of cooperation in washington. >> we're not as divided as our politics suggested. we're not as cynical as the pundits believe. we're greater than the thumb of our individual ambation. >> reporter: today speaker boehner started open negotiations with the president. >> we're willing to accept new revenue under the right conditions. it matters where it comes from and what type of reform comes with it. if there's a mandate in yesterday's results it's a mandate for us to figure out a way to work together. >> reporter: now there's a new idea thrown out by the house speaker. he's saying why don't we delay the fiscal cliff all together for a year and in the meantime congress can work on reforming taxes and social security. >> the dow plunged 312 points today, its worst day in the year. a lot of talk is that wall street is worried a second term president obama will want tougher regulations. cbs money watch points out two hours before the opening bell the president of the european central bank admitted the euro zone crisis is n
at least for now, he and john boehner are talking about a new spirit of cooperation in washington. >> we're not as divided as our politics suggested. we're not as cynical as the pundits believe. we're greater than the thumb of our individual ambation. >> reporter: today speaker boehner started open negotiations with the president. >> we're willing to accept new revenue under the right conditions. it matters where it comes from and what type of reform comes with it. if there's...
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Dec 10, 2012
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the president and house speaker john boehner met one on one. no details were leaked, we know the main points remain, raising taxes on high earners and cutting programs like medicare. >> they've started to tango. more republicans are accepting the idea that wealthy americans will get a tax rate hike. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. >> reporter: republicans in the house remain opposed to raising taxes on the top 2%. >> the president wants the rate to go up. that doesn't solve the problem. we don't want to be b back here answering the same questions. >> reporter: the deadline is closer than you think. many here on capitol hill say the president and the house speaker need to make a deal by the end of the week in order for congress to vote on the bill. >> hopefully it doesn't go to the last day. >> reporter: president obama has asked congress to work through their holiday break if no deal is reached before then. >> both the w
the president and house speaker john boehner met one on one. no details were leaked, we know the main points remain, raising taxes on high earners and cutting programs like medicare. >> they've started to tango. more republicans are accepting the idea that wealthy americans will get a tax rate hike. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. >> reporter:...
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Nov 27, 2012
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that's house speaker john boehner. that's because any deal that involves raising tax revenue will face its biggest hurdle in the house of representatives. republicans traditionally have been very opposed to tax increases. they still don't want to do it the way the president wants to do it which is raising taxes on the wealthy. >>> when i spoekd with warren buffett i asked about a replacement for secretary treasure tim geithner. >> if he were to appoint somebody like jamie diamond. >> i think that might be a big signal. i think jamie dimon would be terrific because i think he -- if we did run into problems in markets, i think he would actually be the best person you could have. >> another name mentioned is larry fink the chair manned ceo of blackrock, the world's largest money management firm. he joins us this morning. pleased to have him here. welcome. >> good morning. >> we want to talk about how you see the fiscal cliff and where you think the economy is. first the global and domestic economy, is the recovery sustain
that's house speaker john boehner. that's because any deal that involves raising tax revenue will face its biggest hurdle in the house of representatives. republicans traditionally have been very opposed to tax increases. they still don't want to do it the way the president wants to do it which is raising taxes on the wealthy. >>> when i spoekd with warren buffett i asked about a replacement for secretary treasure tim geithner. >> if he were to appoint somebody like jamie...
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Dec 3, 2012
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. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spending cuts and $50 billion in new stimulus. >> we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> reporter: if nothing is done and the gridlock continues, about 110 billion in spending cuts and a $500 billion tax increase will automatically start to take effect in 2013. and the tax policy center estimates the average american household would ring in the new year owing about $3500 more on their taxes. republican senator lindsey graham says it's a possibility. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> blaming democrats for not doing enough to meet republicans halfway. >> the president plans when it comes to entitlement reform, this quite frankly a joke. >> reporter: with l
. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spending cuts and $50 billion in new stimulus. >> we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >>...
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Nov 15, 2012
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. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't do enough to cut the deficit. they will have that argument face to face with boehner on friday. >> one of the most frequent criticisms we've heard over the past few years from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways that you plan to approach your relationships with congress in the se
. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of...
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Dec 10, 2012
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if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up, and across the board spending cuts will kick in on january 1st. economists say that combination would plunge the country back into a recession. >> reporter: there are signs some republicans will willing to compromise on taxes if they can secure cut to social security, medicare and medicaid. >> give the president the 2% increase that he is talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlement. >> reporter: one proposal under discussion, raising the eligibility age for medicare is not going over well with democrats and advocates for senior citizens. >> the option, for example, to raise the medicare age actually is bad policy and will increase costs, because people who are 65 and 66 still need health insurance. >> reporter: the aarp says the real solution to cutting the deficit is lowers skyrocketing health care costs. in washington, danielle nottingham, cbs 5. >>> a hopeful sign for the economy, today is expected to
if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up, and across the board spending cuts will kick in on january 1st. economists say that combination would plunge the country back into a recession. >> reporter: there are signs some republicans will willing to compromise on taxes if they can secure cut to social security, medicare and medicaid. >> give the president the 2% increase that he is talking about, the...
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Dec 9, 2012
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they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends forward into this year because they realize that tax rates on dividends next year will be higher. so they're trying to give their shareholders a break. >> dubois: so that's what tsinesses are doing. what are you seeing on ma n street? >> well, you know, howls holds also realize that tax rates are likely to go up, so we're seeing thlot of underwater homeowners-- homeowners that owe more on aeir home than it's worth-- itling this year because they get a tax break if they do it ohis year. next year they may not get it. we're seeing wealthy households give more to their favorite charities
they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends...